Creed Equities Acquires Mixed-use Asset At 149 Spring Street In Soho For $25M
149 Spring Street
$25,000,000
$1,333/SF
Building Size
18,754 SF
Asset Type
Mixed-use
Closing
Sep 17, 2025
AI
The property asset involved in the transaction is a mixed-use building located at 149 Spring Street in the Soho market of Manhattan. The sale was completed on 9/18/2025, with a total sale price of $25,000,000. The building encompasses a total square footage of 18,754, resulting in a price per square foot of $1,333.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $25,000,000
- Address: 149 Spring Street
- Market: Soho, Manhattan
- Square Footage: 18,754
- Price Per Square Foot: $1,333
- Buyer: Creed Equities
- Seller: EMP Capital Group
- Brokers: Mike Mazzara, Ethan Stanton, Brendan Maddigan, Guthrie Garvin & Steve Rutman - JLL
Key individuals involved in this transaction include the buyer, Creed Equities, and the seller, EMP Capital Group. The brokers who represented the deal are Mike Mazzara, Ethan Stanton, Brendan Maddigan, Guthrie Garvin, and Steve Rutman from JLL.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93